Finance Lease

What is Finance Lease?

A Finance Lease is similar to traditional methods of funding, whereby a proportion of the vehicle price (including interest and costs) is charged back over an agreed period of time in the form of fixed monthly rentals.

Finance Lease is a method of funding that appears on your balance sheet, where you retain use of the vehicle throughout the period of the contract. We purchase the vehicle and use our buying power to offer you the most competitive rental.

We will estimate a resale value based on your chosen vehicle, term and mileage. At the end of the contract, following disposal of the vehicle, all sales proceeds (less fees) are used to settle the estimated resale value, which may result in a surplus/ deficit payment.

You can choose to continue using the vehicle at the end of the primary term by making additional rental payments, act as our agent during the disposal to a 3rd party or simply ask us to collect the vehicle and arrange for disposal.